Richard Bruynel Research Prize

Purpose

The NZSA Conference is held biennially in New Zealand for guests and members of the NZSA. The Prize is to encourage works that develop new research and innovation in actuarial science and practice.

Eligibility

A 'work' presented at the NZSA biennial Conference. Such 'work' may comprise a presentation, paper and/or publication.

Criteria for the work

Original thought and research on actuarial practice and theory

Innovative thought and research on actuarial practice and theory

Usefulness and interest to the profession generally or to particular sections of the profession

Standard of presentation, logic and clarity

The work must be submitted to verified peer review by a member/fellow of the actuarial profession

Nomination process

During February of the year following the conference the Prizes Committee shall consider all the works presented in the prior year's biennial Conference. The Prizes Committee will shortlist the works as nominations for further consideration.

Nominations are reviewed by the Prizes sub-committee and a recommendation is made to the September Council Meeting.

Prize winner(s) are advised by letter in October and invited to attend the November annual general meeting to receive their award.

Selection process

The Prizes Committee will consider the nominations against the criteria and intent of the donor for the prize.

The Committee may recommend to Council

no prize, or

a prize; or

a shared prize.

Funding

The capital sum shall be invested by Council as it sees fit in a manner that preserves the original $5,000 donation and maintains the real value of future prize payments.

The prize will be set by Council and reviewed from time to time. The initial prize amount is $500. Council may supplement the prize payment from NZSA funds.

Should the NZSA be dissolved, at the discretion of Council after consultation with the Bruynel family, the funds associated with the prize will be either:

donated to a charity or foundation, or

transferred to a new memorial fund.

Prizes Committee

The Prizes Committee shall comprise the convenors of the practice committees and one member of Council.

Committee members must declare any conflicts of interest and must resign from the Committee if nominated for a prize.

Definitions

Nomination – a short listed work from the biennial Conference.

Publication – a paper published in an actuarial journal (typically peer reviewed as part of publication process).

Paper– a paper published in an actuarial magazine or presented at an actuarial conference